UT-2024-000094 - [2025] UKUT 00082 (TCC)

Case Number: UT-2024-000094

Hearing Venue: Rolls Building, London

FINANCIAL SERVICES – decision by the Authority not to authorise the Applicant to carry out regulated activities on the basis that the Applicant would not satisfy and continue to satisfy the threshold conditions for authorisation as required by section 55B(3) of the Financial Services and Markets Act 2000 – whether the decision one which was reasonably open to the Authority – yes – reference dismissed

Judgment date: 10 March 2025

Before

JUDGE MARK BALDWIN

MR DUNCAN BLACK
MRS JEAN PRICE

Between

E.A.K. GROUP LTD

Applicant

and

THE FINANCIAL CONDUCT AUTHORITY

The Authority

Representation:

For the Applicant: Erik Dalipi, a director of the Applicant

For the Authority: Calum Macdonald, a Lead Associate (Legal) with the Authority

DECISION